Return First.
Impact Always.
We invest where socio-environmental and economic transformations create
long-term value.
Return First.
Impact Always.
We invest where socio-environmental and economic transformations create
long-term value.
Systemic Investing
Our approach combines financial rigor, systems thinking, and active engagement to identify asymmetries and anticipate how environmental, social, and regulatory transformations will be reflected in asset valuations.
Our investment discipline expands beyond traditional fundamentals by incorporating structural variables that increasingly influence economic outcomes. This broader perspective strengthens our ability to allocate capital to efficient and resilient transition pathways, where complexity creates opportunities for repricing, competitive advantage, and long-term value creation.
Investment Theses
Our investment themes are grounded in an understanding of how climate change, natural capital, social inequalities, and institutional quality affect corporate competitiveness, market dynamics, and the generation of returns for investors.
We operate on the premise that these factors are not external to the economy. They influence revenues, costs, access to capital, regulation, productivity, resilience, and growth. Understanding them in a deep and integrated manner is an essential part of our investment process and the construction of our fund portfolio.
Climate
Nature
Inequalities
Three Decades in Capital Markets
Since 1993, we have been an independent investment manager guided by the conviction that environmental, social, and governance factors increasingly shape long-term value creation.
We have built a consistent track record of performance*, serving institutional investors, family offices, pension funds, and insurance companies, and reaching a peak of US$1.5 billion in assets under management.
*Between 1996 and 2022, we delivered a cumulative gross return of 22,708%, equivalent to 9.7 times the Ibovespa Index.
Our team
With a partnership-based structure, our multidisciplinary team brings together experience in finance, development banking, private equity, and sustainability across public and private markets, infrastructure, and complex value chains.
Fabio Alperowitch
Founding Partner & CIO
Tiago Gomes
Partner
Sergio Gusmão
Suchodolski
Partner & CEO
Laura Jaguaribe
Partner
Andrea Álvares
Head of Socio-bioeconomy
Caroline Dihl Prolo
Head of Stewardship
Georgia Marmonti
Investments
Lucas Meirelles
Investments
Laura Vehanen
Investments
Vinicius Pereira
Investments
Gabriela Morete
Investor Relations & Sustainability
Amanda Witzke
Impact Investing Analyst
Regis Bezerra
Operations & Compliance Manager
Mauricio Camargo
Operations
Lucia Rocha
Controller
Amanda joined fama re.capital in 2023 and works in sustainability analysis and impact investing, developing theses in strategic sectors such as agribusiness, food, sanitation, mining, and finance. Her work combines quantitative rigor with a long-term vision of climate and socio-environmental transformation in Brazil and Latin America. Before joining the firm, she built a career in the banking sector and in financial consulting, with experience in retail operations, digital platforms, and commodity hedge strategies. Amanda holds a degree in Business Administration and Statistics from the University of North Carolina at Chapel Hill.
Caroline joined fama re.capital in 2023 to lead stewardship, guiding portfolio companies in science-based transition strategies. She is an environmental lawyer with more than 15 years of experience in climate law, regulation, carbon markets, and governance. Since 2013, she has advised developing countries in the UNFCCC negotiations, is a consultant to the International Institute for Environment and Development (IIED), and founder of LACLIMA, the first Latin American network of climate lawyers. Previously, she led the Environment and Climate Change practice at Stocche Forbes Advogados for seven years and is also a columnist for the newspapers Valor Investe and Capital Reset. Caroline holds a Law degree from the Federal University of Rio Grande do Sul (UFRGS) and a Master’s in Law from University College London (UCL).
Fabio Alperowitch, CFA is the founder of fama re.capital, an asset manager established in 1993 dedicated to strategies that combine consistent financial returns with social and environmental transformation. His work focuses on decarbonizing high-emission sectors, strengthening socio-bioeconomy supply chains, and addressing structural inequalities. Beyond finance, he founded four NGOs and serves on the boards of organizations such as WWF Brazil, Instituto Ethos, Racial Equity Pact, LIFE (biodiversity), and Ellaimpacta (gender equity). Recognized among the World’s 99 Greatest Investors, he is also the author of numerous articles on responsible investment and new economic paradigms.
Laura joined fama re.capital in 2024, where she contributed to the development of new investment products and currently leads the firm’s international representation, structuring strategic partnerships and mobilizing capital. With more than 6 years of experience in investments in equities and private markets, ESG, and climate tech entrepreneurship, she has worked at independent asset managers and was co-founder of a climate tech startup in London. She holds a degree in Economics from Insper and has the CFA ESG certification.
Lucia joined fama re.capital in 1996 and, since then, has worked across different areas of the company, including administrative, commercial, and backoffice functions, consolidating her career in the firm’s controllership in 2008. Over nearly three decades, she has been responsible for integrating the planning, execution, and control of the firm’s financial and operational activities. Her work is marked by a transversal vision, supporting product and service areas to ensure robust and compliant processes. Lucia holds a degree in Business Administration from FMU – Faculdades Metropolitanas Unidas and has the CPA-20 (Anbima) certification.
Mauricio joined fama re.capital in 1999 and, since then, has worked in different areas of the company until consolidating his career in operations and middle office, with a focus on risk management and control. Over more than 25 years, he has been directly involved in the structuring and administration of credit and equity funds, including Receivables Investment Funds (FIDCs), Investment Funds in Shares (FIFs), and vehicles dedicated to socio-environmental impact investing. His work combines technical solidity, regulatory rigor, and a commitment to generating sustainable value for investors and for society. Mauricio holds a degree in Foreign Trade from Universidade Anhanguera Educacional.
Tiago joined fama re.capital in 2024 to lead the Climate vertical. He brings over 15 years of experience in private equity and infrastructure, having made investments in the energy, agribusiness, and healthcare sectors across various geographies. He previously worked at GEF Capital Partners, where he helped structure strategies focused on climate solutions and raise a thematic growth equity fund for Latin America. Before that, he was part of the Project Finance team at Standard Chartered in New York and Singapore and the Private Equity team at Pátria Investimentos. Tiago holds a Master’s in Business Administration from the University of Chicago Booth School of Business and is a certified board member by the Brazilian Institute of Corporate Governance (IBGC).
Andrea joined fama re.capital in 2024 to lead the Sociobioeconomy vertical. She brings over 30 years of leadership in global consumer goods, including executive roles at Natura and PepsiCo. At Natura, she served as Global Vice President of Brand, Innovation, and Sustainability, also leading international operations. She chairs the Board of Instituto Ethos and serves on the boards of the Cradle to Cradle Innovation Institute, Globescan, and previously the World Business Council for Sustainable Development. She is also a member of the Shell Energy Transition Advisory Panel. Recognized among the “25 Badass Women Shaping Climate Action” by GreenBiz in 2022 and recipient of several other awards, she is also a partner at Casa do Saber and founder of Camomila, an initiative dedicated to the development of regenerative systems.
Sérgio is the CEO of fama re.capital, and his arrival marks the beginning of a new strategic cycle that strengthens the firm’s ability to transform socio-environmental challenges into concrete long-term investment opportunities. He has more than 20 years of experience in development finance and has served as President of Banco Desenvolve SP, the Development Bank of Minas Gerais (BDMG), and the Brazilian Development Association (ABDE), as well as Vice President of the Latin American Association of Development Financing Institutions (ALIDE). He was also Director-General of Strategy and Partnerships at the New Development Bank (BRICS) in Shanghai, Chief of Staff to the President of BNDES, and Vice President of Corporate Development at Arlon Capital Partners in New York. He is a Senior Fellow at CEBRI and serves on the Advisory Board of the Sustainable Amazon Foundation (FAS). Sérgio holds a Law degree from USP, an LL.M. from Harvard Law School, and a Master’s in International Trade and Economics from Sciences Po Paris (Institut d’Études Politiques de Paris).
Vinicius has 12 years of experience in the financial market, building expertise in asset management and equity research. At fama re.capital, he works as a sustainable credit analyst, preparing analyses and reports for the credit fund’s investment committee, overseeing operational controls, and contributing to the strategic planning of the socio-bioeconomy vertical. He worked for four years as an equity analyst and also has experience with FIDCs. Vinicius also served as a sustainable finance specialist at Instituto Amazônia+21. He holds a degree in Mechanical Engineering from UNICAMP and has CFA Level II, CGA, and Ancord certifications.
Regis tem 25 anos de experiência no mercado financeiro, com atuação principalmente nas áreas de Middle Office e Operações de Fundos de Investimentos, Private Banking e Wealth Management. Ao longo de sua trajetória, trabalhou na Península, family office de Abilio Diniz, e em grandes instituições financeiras como ASA Investments, Banco Safra, Santander, Citibank e ABN Amro. Régis é formado em Economia pela Universidade Mackenzie e possui MBA em Economia e Setor Financeiro pela FIPE-USP.
Georgia has over 10 years of experience in the financial market, with work in private equity, structured credit, and multilateral development banks. At fama re.capital, she contributes to the Sociobioeconomy vertical through strategy development and origination of new businesses. She has worked at institutions such as Pátria Investimentos, IFC (World Bank), and McKinsey. She also worked at NESsT, an international NGO focused on decent income, where she gained field experience in the Amazon sociobioeconomy by leading the acceleration of local organizations. Georgia holds a Law degree from FGV and an MBA from INSEAD.
Gabriela has over 3 years of experience, accumulating expertise in growth, innovation, product development, and project management in high-growth environments. At fama re.capital, she contributes in investor relations, institutional communication, and sustainability. She worked on scaling a Series A stage foodtech startup focused on just-in-time grocery deliveries and fair payments to suppliers, where she led brand positioning, customer acquisition, growth strategies, and sustainability initiatives. Gabriela holds a degree in Business Administration from Fundação Getulio Vargas (FGV-EAESP).
Laura has over 20 years of experience in strategy, investments, and governance, supporting companies and family businesses in their growth and innovation journeys. She was Director of Direct Investments at Peninsula, where she led the Responsible Investment Committee between 2016 and 2022. She founded Altitude Ventures, Peninsula’s fund dedicated to companies that combine innovation and impact, and managed the fund from 2020 to 2025. Laura has served on the boards of Ânima Educação, Passei Direto, and Toca Orgânicos, and as an independent director at Mosaico Tecnologias during its IPO. From 2013 to 2016, she led Corporate Strategy and Market Intelligence at Braskem, and from 2006 to 2013, she worked at the Monitor Group, advising family businesses on strategic planning and family governance. She holds a Master’s degree from INSEAD Business School (EMC), focused on individual, organizational, and systemic transformation. Named one of the Top Women Investors in LatAm Tech by LAVCA in 2023 and 2024, Laura also serves as a mentor at the Endeavor network and Female Force LatAm.
Lucas has 9 years of professional experience, including 5 years in the financial sector, working in venture capital, private equity, structured credit, and listed equities. At fama re.capital, he contributes to the Climate vertical through investment analysis, pipeline development, performance monitoring, and thesis elaboration. Previously, he held positions at Credit Suisse, Unbox Capital, Ambev, and Accenture, combining analytical rigor with strategic execution. Lucas holds a degree in Electrical Engineering, with a specialization in Systems Optimization, from the State University of Campinas (UNICAMP).
Socio-Environmental Impact
Ex-ante and Ex-post
Integration
Impact management and the integration of socio-environmental factors throughout the investment process and across the entire investment lifecycle.
Risk and
Contribution Analysis
Multidimensional assessment of socio-environmental factors through a risk lens, combined with an evaluation of the investment’s positive contribution.
Integrated
Measurement
Measurement of outcomes at both the fund and project levels, aggregated at the firm level, using metrics and methodologies tailored to each mandate.
Alignment with Methodologies
Socio-Environmental Impact
Ex-ante and Ex-post
Integration
Impact management and the integration of socio-environmental factors throughout the investment process and across the entire investment lifecycle.
Risk and
Contribution Analysis
Multidimensional assessment of socio-environmental factors through a risk lens, combined with an evaluation of the investment’s positive contribution.
Integrated
Measurement
Measurement of outcomes at both the fund and project levels, aggregated at the firm level, using metrics and methodologies tailored to each mandate.
Alignment with Methodologies
Socio-Environmental Impact
Ex-ante and Ex-post
Integration
Impact management and the integration of socio-environmental factors throughout the investment process and across the entire investment lifecycle.
Risk and
Contribution Analysis
Multidimensional assessment of socio-environmental factors through a risk lens, combined with an evaluation of the investment’s positive contribution.
Integrated
Measurement
Measurement of outcomes at both the fund and project levels, aggregated at the firm level, using metrics and methodologies tailored to each mandate.
Alignment with Methodologies
Regenerative Agriculture, Climate Resilience and Productivity: Lessons from the SLC Agrícola Case
Academic research published based on a collaborative stewardship initiative with the world’s largest soybean producer.
ImpactAlpha: How Catalytic Capital Helped Unlock Ecosystem Regeneration
destravar a regeneração de ecossistemas
Recognition for structuring pioneering financial solutions to support ecosystem regeneration in Brazil.
Marfrig Case: Early Progress on Traceability and Sustainability Requirements
PRI Spring initiative focused on mitigating systemic risks associated with biodiversity loss.
Regenerative Agriculture, Climate Resilience and Productivity: Lessons from the SLC Agrícola Case
Academic research published based on a collaborative stewardship initiative with the world’s largest soybean producer.
ImpactAlpha: Como capital catalítico contribuiu para destravar a regeneração de ecossistemas
Recognition for structuring pioneering financial solutions to support ecosystem regeneration in Brazil.
Marfrig Case: Early Progress on Traceability and Sustainability Requirements
PRI Spring initiative focused on mitigating systemic risks associated with biodiversity loss.
Rua Olimpíadas 134, conj. 42
Vila Olímpia, São Paulo-SP | 04551-000
contato@famarecapital.com
+55 11 5508 1188
The information on this website is for informational purposes only. It is essential to read the fund's prospectus and regulations before making any investment decisions. Past performance is not a guarantee of future results. The reported returns are not net of taxes. None of the funds are guaranteed by the fund administrator, the asset manager, or the Credit Guarantee Fund (FGC). To obtain the Prospectus, Performance History, and any additional information, please contact fama re.capital or the fund's administrator. For fund performance analysis, it is recommended to review a period of at least 12 months.